The bottom line is that selling Cutco knives for Vector Marketing is not necessarily a scam . After all, its workers are being paid for their work to sell a product to potential customers. Recruitment Process: Vector advertises that sales representatives will make from anywhere between $15 to $18.
Well, no. Vector’s sales structure is an exact match for the FTC’s definition of a multilevel marketing company. That doesn’t make Vector or Cutco a pyramid scheme . But the fact that the company is so reluctant to own its multilevel marketing status is a red flag.
Is Vector Marketing a scam? No, they’re a legit business selling real products. What’s smarmy is their sales tactic of recruiting college students who are often willing to do anything for a little extra money. And because they don’t describe the opportunity as an MLM, they end up getting sued.
If you’re interested in buying a single set of steak knives that could very well last you the rest of your life, however, this Cutco steak knife set might be worth the cost. It’s fantastically durable, has a great warranty, and is very simple to maintain.
No CUTCO is not a pyramid scheme . The traditional business model is a “direct sales” model where students can only make commission from anything they can sell. There is no way to make money or bonuses from recruiting others into the business.
The company is technically not a pyramid scheme or a multi-level marketing scam. But because Vector does rely on its employees to work at their own rate selling knives, it can certainly appear as a scam to many people introduced to the job for the first time.
The pay is great but you have to be comfortable with selling to people you know. I can recommend this job to anyone looking for sales experience or hoping to better their presentational skills. The product is excellent but not everyone is on board with the way Vector marketing handles business.
MYTH: Vector Marketing is a scam because it’s a multi-level marketing company. The TRUTH: Vector Marketing is not a multi-level marketing company. Vector Marketing is a single-level, direct-to-consumer marketing company and is recognized as an official member of the Direct Selling Association.
your $18 /hr base pay is not that at all: (my italics) “Our reps earn commissions for sales made. We also offer a guaranteed base pay per qualified appointment. This means you’re guaranteed to earn something for each qualified appointment completed, whether or not you sell anything.
How does Vector Marketing pay ? Reps earn a guaranteed base pay of $15-$18 every time they show Cutco to a qualified prospect, whether that be in-person or virtually. This is NOT an hourly rate. People sometimes think it’s $15-$18 per hour because most appointments take between 45 minutes to an hour.
Yes, there is paid training .
Vector Marketing is a multi – level marketing subsidiary company and the domestic sales arm of Cutco Corporation, an Olean, New York-based cutlery manufacturer. The company was founded in 1981 in Philadelphia, Pennsylvania.
Since Cutco knives were traditionally sold door-to-door, some chefs are quick to overlook this product; however, Cutco customers are usually pleased with their knives .
If you want to purchase the highest quality American made cooking knives , I highly recommend the Cutco brand. The Henckel is above the Cutco . I can’t use the Henckel as the blades are dull and I don’t have time to sharpen them.
Gordon Ramsay uses both Wüsthof and Henckels branded knives; his list of essential knives are; Chef’s knife for chopping. Paring knife for peeling cutting small vegetables and fruit. Boning knife with a somewhat flexible blade to cut around meat and bone.